KAS BANK AND ACTIVIDENTITY PROJECT SHORTLISTED FOR EUROPEAN IDENTITY MANAGEMENT AWARD

London - 10 April 2008

KAS BANK, the Dutch based European supplier of investment management, custody, clearing and settlement services, has been shortlisted for a project carried out with ActivIdentity® Corporation (NASDAQ: ACTI), a global leader in digital identity assurance, in the B2C use of Identity Management category of the European Identity Awards.

KAS BANK has overhauled its technology for processing clients’ money transfers and settlement instructions. An extensive review highlighted weaknesses in safeguarding its existing token-based, symmetric technology which created a level of risk about which the bank was sufficiently concerned. Therefore, KAS BANK has undertaken a wide-ranging project to address these challenges.

KAS BANK implemented the ActivIdentity Smart Banking ID solution after trials demonstrated this solution could provide the highest level of security by encrypting transaction data, while meeting customer demands for usability and convenience. KAS BANK selected a PKI-based smart card solution using asymmetric keys that are generated securely on the smart card while in the possession of the customer, negating security concerns associated with other systems.

“The ActivIdentity Smart Banking ID solution has reduced user fees, management and maintenance costs for the bank, while enabling simpler and faster transactions with the highest level of security,” explains Johan van der Wal, manager client information management at KAS BANK in Amsterdam.

“The challenges that KAS BANK has been able to address are being experienced throughout the financial services industry,” explains Marc Hudavert, vice-president and general manager of ActivIdentity, EMEA. “ActivIdentity is committed to developing identity assurance solutions which can support finance customers as these risks evolve and we are delighted that this project has been shortlisted for the European Identity Awards.”

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